Why Walmart’s Sale of U.K. Grocer Asda Makes It an Even Stronger Company


Walmart’s move to sell a majority stake of Asda, its U.K. grocery business, should help the retail giant accelerate its transformation, Telsey Advisory Group says.

Analyst Joseph Feldman reiterated an Outperform rating on Walmart (ticker: WMT) on Monday, while raising his price target by $10, to $155. He wrote that the deal “closes a multi-year effort to monetize the business.”

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